According to a recent report from the National Association of Home Builders (NAHB), one out of three Americans who bought a home between 2011 and 2013 were millennials (those 33 years old or younger). The report, titled “Homes Millennials Buy,” explores the home buying behaviors and preferences of this particular generation.
NAHB analyzed the latest American Housing Survey from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau to identify millennials’ preferred home size, purchase price and methods of financing.
The report found the following:
- Millennials are more likely to buy condominiums and housing in multifamily properties while older generations prefer single-family detached homes.
- Millennials tend to buy smaller, less expensive homes. A majority of the homes purchased by millenials were under 1,200 square feet and over a quarter of the buyers paid less than $100,000 for their home.
- Three out of four millennials purchased a home because of its financial appeal.
- 82 percent of millennials who purchased a home during the two-year period took out a mortgage.
The full report can be found here.
Some people thoroughly enjoy experiencing the fear, surprise, suspense and mystery that make up a great horror story. Others find these elements frightening and uncomfortable to watch.
Our new TV commercial catches golf pro Fred Couples in the latter situation to show, in contrast, that homeowners are always in their comfort zone with our ductless systems. Our technology makes comfort personal and gives homeowners precise control over their space.
Keep a lookout for our ‘Scary Movie’ commercial on major cable and network channels. Can’t wait? Check out the commercial now on YouTube:
We’re wrapping up the 2015 International Builders’ Show today and heading to Chicago for the 2015 AHR Expo, the largest event in the HVAC/R industry.
The annual event has already set three new all-time attendance records – and the doors haven’t even opened yet! From January 26-28, more than 2,100 exhibitors (an 8 percent increase from last year) and over 60,000 building professionals are expected to participate in three days of networking, educational programs and exposure to the latest trends in the industry.
We’ll be at booth #5267 on the show floor showcasing our latest ductless and Variable Refrigerant Flow (VRF) zoning technology. On the residential side, we’ll have our Hyper-Heating INVERTER™ (H2i®) MZS-FH and H2i MXZ systems, both of which feature industry-first capabilities. The H2i MXZ will sit center stage as the winner of the AHR Expo’s 2015 Innovation Award in the Heating category.
On the commercial side, we’ll feature our brand new Diamond Controls system – a customizable building management solution with bundled controls, devices and sensors – as well as the upcoming air- and water-source Variable Refrigerant Flow (VRF) systems.
Don’t miss Jet Towel, demonstrating our widespread building ingenuity. Jet Towel is a quiet, safe and energy-efficient hand dryer with an innovative drain tank that costs only $25 per year to operate.
Over 100 educational seminars, workshops and presentations will educate you on the future of the HVAC/R industry. Swing by our booth (#5267) to experience it!
The International Code Council (ICC) dictates the codes and standards used in the design, build and compliance processes to construct safe and efficient structures. The code is updated every three years and the recently released 2015 International Energy Conservation Code (IECC) includes notable revisions to previous energy-saving guidelines.
The largest change from the 2012 to the 2015 IECC is the added flexibility in the residential code via the new Energy Rating Index (ERI) compliance path. The voluntary ERI compliance path allows builders to comply with the code by meeting a target ERI score. The current Home Energy Rating System (HERS) Index Score is compatible, meaning builders can use a HERS rating to comply with the 2015 IECC.
The ERI provision offers three key advantages over the 2012 IECC:
- Lowered construction costs. Builders can factor equipment and the building envelope into their ERI score.
- Increased marketability. Home buyers will be able to use the ERI score to directly compare houses. Builder Online estimates that houses compliant with the 2015 IECC will save homeowners $300 more each year in utilities than houses compliant with the 2012 IECC.
- Increased communication. Builders already building to ENERGY STAR® or HERS will benefit from the ease of demonstrating compliance.
Other differences between the 2012 to the 2015 IECC include changes to duct insulation requirements, how the code applies to historic buildings, and revisions to the duct leakage testing requirements, among others. The language throughout was also reworked to help builders better understand and comply with the code.
Click here to learn more about the 2015 IECC and here to purchase a copy from the ICC.
According to a recent article in Extreme How-To, titled “Get in the Zone – Zone Heating for the Home,” occupants spend an average of 80 percent of their time in only 20 percent of the home. To help homeowners stay warm this winter, without spending unnecessary energy and money on conditioning their entire space, the article chronicles the most basic to the most efficient ways to reap the benefits of zoned heating.
The article covers all the options, from adjusting vents in unoccupied rooms to individualized space heating, but lists our very own Hyper-Heating INVERTER™ (H2i®) MSZ-FH ductless zoning system as one of the most efficient choices available. Mentioned in its “Hot Products for a Warmer Home” section, the article cites the system’s quick installation, smaller size, individualized comfort capabilities and industry-leading efficiency.
Click here to view the digital version of this article. Click here for more information on our energy-efficient heating solution.
The world’s largest residential and light construction building event is right around the corner – and one you won’t want to miss! More than 75,000 building enthusiasts and 2,000 exhibitors are expected to be in Las Vegas next week, January 20-22, for the 2015 International Builders’ Show (IBS).
IBS is known for having the most in-depth and up-to-date education programs in the industry each year – and 2015 is no exception. More than 100 educational sessions, presented by renowned building professionals from across the country, will be available, covering everything from high performance building techniques and materials to effective sales and financing strategies. The National Association of Home Builders’ annual idea house, The New American Home (TNAH), will be open to showcase the latest design and technology in the home building industry. Unlike previous TNAHs that focused on creating a one-of-a-kind custom home, this year’s home will demonstrate how cutting-edge products and technology can be integrated into a state-of-the-art community.
We’ll be on the exhibition floor (booth #C8910), where we’ll unveil our latest controls program. Booth visitors will also have the opportunity to learn about two of our newest product offerings that have raised the industry bar for ductless technology:
- The Hyper-Heating INVERTER™ (H2i®) MXZ multi-zone outdoor unit is the first residential multi-zone heat pump technology for use in extreme cold climates. This system is ideal for whole-home cooling and heating in areas of the country where ductless was previously considered ineffective. The H2i MXZ has received industry recognition already after taking the top spot in the Heating category of the 2015 AHR Expo Innovation Awards.
- The H2i MSZ-FH single-zone outdoor unit is the most energy-efficient ductless system on the market at 30.5 SEER. The H2i MSZ-FH operates at 100 percent heating capacity at 5 degrees Fahrenheit and continues providing efficient heating down to minus 13 degrees Fahrenheit, giving it the lowest ambient performance at the highest SEER rating in the industry. While it was previously thought that cold climates and heat pump performance couldn’t go hand-in-hand, this system offers year-round comfort anywhere in the country.
With so much in store, be sure to stop by booth #C8910!
Diamond Contractor Mike Diggs (right) of Graybeal Air Systems, Shelbyville, Kentucky, holds one of the catches on the deep-sea fishing excursion.
Diamond Contractors enjoyed a round of golf with the PGA’s Fred Funk (center).
In December 2014, 10 lucky Diamond Contractors™ participated in our Golf and Fishing Promotional event. These Diamond Contractors spent two days at the TPC Sawgrass golf resort
with Mitsubishi Electric-sponsored golf pro Fred Funk. Contractors enjoyed a golf clinic with Fred, teeing off on the famous course and a deep-sea fishing excursion.
Two contractors from each of our five business units were selected as participants. Contractors’ names were drawn from a list of top achievers from each business unit based on their performance over the last year.
These events demonstrate our commitment to reward our high-achieving Diamond Contractors and distributors. To learn how you can join this elite group and become a Diamond Contractor, talk with your local distributor.
It’s been almost a decade since Hurricane Katrina flooded Louisiana, tore homes off their foundations, and left thousands fatally injured or homeless.
Just weeks after the storm, the U.S. Green Building Council (USGBC) met with New Orleans stakeholders and created “The New Orleans Principles,” containing guidelines on how to rebuild and create a more sustainable future.
“They are a great, succinct compilation of all of the best thinking about the way to build back sustainably and resiliency,” says Z. Smith, chairman of the board of directors for USGBC’s Louisiana chapter.
Before the storm, there was only one LEED certified building in all of Louisiana. Today, there are nearly a thousand. Sustainability proved to be particularly valuable in rebuilding low-income areas, since green building practices help lower the cost of home ownership.
The city of Broadmoor rebuilt its elementary school transforming it into a LEED Gold building that features solar panels, rain gardens, a reflective white roof, and windows that facilitate natural light.
Make It Right, a nonprofit founded in 2007 by Brad Pitt, worked with a team of world-renowned architects with the goal of building 150 affordable LEED Platinum certified homes in the Lower Ninth Ward. Today, around 100 of the homes have been built and are currently occupied.
We are proud supporters of green initiatives that use progressive and innovative ideas. Our Variable Refrigerant Flow (VRF) zoning systems were recently selected as the winner in the Best Product for HVAC/Indoor Air Quality/Building Controls category of U.S. Green Building Council’s Best of Building Award. We are pleased to support important projects like the rebuilding of New Orleans after Hurricane Katrina. These initiatives help expand green building throughout the country, while providing people with better living and work spaces.
To read more about the importance of green building in the redevelopment process of Louisiana, click here.
Reducing costs, enhancing the fan experience, attracting environmentally minded sponsors – these are just some of the reasons why sports stadiums around the country are focusing on sustainable practices and operations. Greening sports facilities is uniquely challenging, however. “They get a massive influx of people in a short period of time, and then they sit vacant for days,” explains Steve D’Iorio, senior vice president at Jones Lang LaSalle in Washington, D.C.
recently highlighted stadiums that successfully made the leap to the greener side. See below for some of the changes at these landmark facilities:
- M&T Bank Stadium, Baltimore: The Baltimore Ravens’ stadium reduced energy usage by 5 million kWh between 2005 and 2012 using ENERGY STAR® The stadium was the first existing outdoor professional sports facility in the U.S. to achieve LEED® Gold certification.
- Levi’s Stadium, Santa Clara, California: The home to the San Francisco 49ers generates its energy via three solar-paneled pedestrian bridges and one solar-paneled roof deck. The stadium installed controllable and programmable lighting and thermal comfort control systems for improved energy efficiency.
- Lincoln Financial Field, Philadelphia: 11,000 solar panels and 14 wind turbines allow the Philadelphia Eagles’ stadium to generate almost all of its electricity on-site. Energy programs and management systems have reduced consumption by more than 33 percent.
- Safeco Field, Seattle, Washington: The Seattle Mariners ballpark reduced natural gas use by 60 percent, electricity by 30 percent and water by 25 percent by upgrading the stadium’s lighting and mechanical systems. Side note: The MLB team also co-founded the Green Sports Alliance.
- AmericanAirlines Arena, Miami: A building automation system monitors and controls the facility’s HVAC operations for strategic energy usage. Energy efficiency initiatives enable the Miami Heat’s arena to consume 53 percent less energy than comparable facilities.
- STAPLES Center, Los Angeles: The home to the LA Lakers features a 1,727-panel solar array that provides up to 20 percent of the energy used, contributing $55,000 in savings per year. A variable-speed HVAC system increases the arena’s energy efficiency.
A building’s sustainability can be improved easily with “better discipline about turning things off when they’re not being used,” says Scott Jenkins, general manager of the Atlanta Falcons stadium and chairman of the Green Sports Alliance.
We agree. Controlling the facility’s mechanical systems can significantly reduce costs and conserve energy, benefitting both stadium owners and the environment. Innovative cooling and heating technology, like our Variable Refrigerant Flow zoning systems, allow facility managers to monitor and control exactly where and when energy is being used. Management can turn off units in unoccupied areas of the stadium during the week and easily turn them back on for game days to minimize energy use. VRF systems also maximize comfort. The three-level press box at the University of Notre Dame’s football stadium used to soar over 90 degrees Fahrenheit during early season games. Now, with our Y-Series VRF zoning system, the space maintains a cool and comfortable temperature.
To read more on how stadiums are reducing their environmental footprints, click here.
The Renaissance Schaumburg Convention Center
(Renaissance Schaumburg), located in the metro Chicago city of Schaumburg, hosts up to 6,400 attendees each event. The facility restrooms are always in demand, creating an abundance of landfill waste.
Renaissance Schaumburg explored alternatives to using paper towels in the high-traffic spaces. Robert Lang, the facility’s director of engineering, said, “We ultimately decided to invest in Mitsubishi Electric Jet Towels for two reasons: quieter operation than competing hand dryers and the ability to contain water rather than spilling it onto the floors and walls. We wanted a drain tank that would keep the restrooms safe and dry for our guests.”
The Jet Towel
is the only hand dryer to meet National Sanitation Foundation Standard 169, and its clean operation comes at no reduction in effectiveness or comfort; it dries hands in 10 seconds at a decibel rating equivalent to elevator music. Best of all, Renaissance Schaumburg reported saving $6,000 per year by using our energy-efficient hand dryers.
To read the entire case study, click here